Global Styrene Butadiene Rubber Market 2021-2025

Global Styrene Butadiene Rubber Market 2021-2025

Technavio has been monitoring the styrene butadiene rubber market and it is poised to grow by 1316.80 thousand units during 2021-2025, progressing at a CAGR of 4.20% during the forecast period. Our report on the styrene butadiene rubber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand from the automotive industry and mounting demand for S-SBR. In addition, increasing demand from the automotive industry is anticipated to boost the growth of the market as well.

The styrene butadiene rubber market analysis includes product and application segments and geographic landscape.

Technavio's styrene butadiene rubber market is segmented as below:

By Product

• E-SBR
• S-SBR

By Application

• Tire
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• MEA

This study identifies the rising demand from the emerging economiesas one of the prime reasons driving the styrene butadiene rubber market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on styrene butadiene rubber market covers the following areas:

• Styrene butadiene rubber market sizing
• Styrene butadiene rubber market forecast
• Styrene butadiene rubber market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading styrene butadiene rubber market vendors that include Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., JSR Corp., Kumho Petrochemical Co. Ltd., LG Chem Ltd., Saudi Arabian Oil Co., SIBUR Holding PJSC, Synthos SA, and Versalis Spa. Also, the styrene butadiene rubber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Asahi Kasei Corp., Bridgestone Corp., Exxon Mobil Corp., JSR Corp., Kumho Petrochemical Co. Ltd., LG Chem Ltd., Saudi Arabian Oil Co., SIBUR Holding PJSC, Synthos SA, Versalis Spa